French carmaker Groupe PSA Citroen planning lighter retail presenceCitroen has been popularising its format titled phygital -- a portmanteau of physical and digital -- to signify its technological advances in showroom experience for customers. Citroen is expected to offer kiosks with large screens showing how the cars would look with different accessories, and offer options on insurance, service contracts, accessories and others on a digital platform accessible across devices.
ISRO launches CARTOSAT 3, US satellites into spaceThe launch will enhance India's ability in high-resolution imaging and also reinforce India as a global launch destination for small satellites using its workhorse rocket Polar Satellite Launch Vehicle. According to the ISRO 2018-19 annual report, the CARTOSAT 3 is a 3-axis agile satellite with a spatial resolution parameter of 0.25 m.
Many units in Nokia Telecom SEZ may reopen by March 2020Last week, Finnish company Salcomp, acquired by Chinese firm Lingyi iTech, sealed a deal to buy the one million sq ft Nokia factory inside the SEZ. Salcomp had also recently purchased the 300,000 sq ft unit of Lite-on Mobile factory inside the special economic zone. Salcomp India managing director Sasikumar Gendham said most companies are adopting a “China Plus One” strategy.
Talking to credit rating agencies on risk assessment: Nirmala SitharamanSitharaman said banks are going a churn in assessing risk in order to ensure their functioning is smoother. She underscored the need for banks to evaluate how much store is set by the ratings of the Credit Rating Agencies and urged financial institutions to ensure their internal assessments of credit risk also play a role.
Vasan Healthcare RP may push for strategic partnersThe outstanding claims to banks, financial institutions and Asset Reconstruction Company Edelweiss are at ?1,268 crore, according to the company’s list of financial creditors put up on its website. The first meeting of the committee of creditors (CoC) is slated for Thursday.
Rajinikanth, Kamal Haasan hint they may join hands politically, 'if need arises'The political journeys of Kamal Haasan and Rajinikanth have come under sharp focus of late.While the 68-year-old actor is rumoured to take the plunge in September next year, Haasan, who floated his Makkal Needhi Maiam last year, is presently taking advice from political strategist Prashant Kishor and going for a revamp to bolster internal democracy.
FMCG veteran CK Ranganathan announces animal health ventureThe hospital is 7200-sq. ft facility, equipped with an emergency critical care unit monitored by senior consultants, digital X-Ray and ECG machines. The total investment in the hospital was Rs 3 crore. Ranganathan predicted the venture will draw a total investment of Rs 300-400 in five years to expand to 100 such hospitals.
Cognizant fires unionist for 'performance reasons'Cognizant, in a statement, said: “Cognizant recently terminated this employee of approximately five months tenure with the company for performance reasons and based on client feedback. Our decision is consistent with the terms of our contracts with all of our employees.” Recently, Cognizant had announced that it would cut thousands of jobs.
Exports help Renault-Nissan buck trend, grow productionThe Franco-Japanese alliance produced 182,000 cars last year and targets to increase that 210,000 units this year. Renault Nissan India will complete the current fiscal year with a 15% increase in factory output, on stable export demand for the Nissan Sunny and strong local draw for the compact 7-seater Renault Triber, according to a top executive.